How to Make a College Education Affordable

Access to quality post-secondary education is a key to the continued development of the workforce and the nation’s economy! As a nation, we need to continue to provide access to higher education for all people. I believe it is unconscionable for the US Government to be making money off of the loans it provides to our students.

I think we should continue the expansion of the Pell Grant program, along with increasing the maximum reward levels to proportionally keep pace with the rising cost of higher education is a good start.

Improvements to Student Loan Program

College education should not be free; it is something to strive for and a proud accomplishment for a student. My House plans to improve the Student Loan Program that will in turn provide incentives for students to graduate:

Lock college loans at the current federal funds rate at date of issue.

College loans will remain at that market rate until the student has graduated.

Upon graduation, the interest rate for the loan will drop to 0.0%, provided the individual enrolls in, and stays current with, an automatic payment program for the loan repayment.

This approach makes education affordable, while encouraging diligent effort and program completion.